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Bharti acquires full control of Bharti AXA Life Insurance, purchasing AXA’s 49% stake

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Bharti acquires full control of Bharti AXA Life Insurance, purchasing AXA’s 49% stake

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Bharti today announced that Bharti Life Ventures Private Limited (“BLVPL”), the group’s holding company of Bharti AXA Life Insurance Company Limited (“Company”), has completed the acquisition of its joint venture partner AXA’s 49% stake in the Company.

Bharti and Axa have enjoyed more than 18 years of very close and warm relationship. Pursuant to Axa’s exit, Bharti now owns 100% stake in the Company and will chart out the future strategy of the Company including onboarding more bancassurance partners, and or staying constructive for any strategic and financial partnerships with a clear focus to continue to scale the business and capture larger share of this growing opportunity space.

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